Bentley Systems (BSY) Operating Margin (2019 - 2026)

Bentley Systems' (BSY) quarterly Operating Margin came in at 29.77% in Q1 2026, down 132.0% year-on-year from 93.02% in Q1 2025, and up 48.46% on a QoQ basis from 20.05% in Q4 2025.

Bentley Systems (BSY) Operating Margin (2019 - 2026) Analysis & Trends

Bentley Systems (BSY) has 8 years of Operating Margin data on file, last reported at 29.77% in Q1 2026.

  • On a quarterly basis, Operating Margin fell 132.0% year-over-year to 29.77% in Q1 2026; TTM through Mar 2026 was 24.03%, a 55.0% increase from a year earlier, with the FY2025 full-year figure at 24.15%, up 182.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 29.77%, up from 20.05% in the prior quarter.
  • Over the last five years, Operating Margin for BSY reached as high as 31.09% in Q1 2025 and fell as low as 12.16% in Q4 2023.
  • Historically, Operating Margin has averaged 21.61% across 5 years, with a median of 20.77% in 2022.
  • On a YoY basis, Operating Margin climbed as much as 3563 bps in 2022 and fell as far as 453 bps in 2022.
  • Year by year, Operating Margin stood at 14.2% in 2022, then dropped by 14 bps to 12.16% in 2023, then soared by 44 bps to 17.56% in 2024, then increased by 14 bps to 20.05% in 2025, then soared by 48 bps to 29.77% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 29.77% in Q1 2026, 20.05% in Q4 2025, and 22.5% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 28.69%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 12.05%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 14.56%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 21.08%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 4.06%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn -22.99%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn -23.45%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 29.26%
10 Bentley Systems 9.42 Bn 9.31 Bn 350.41 Mn 29.77%

Historic Data

Download Data
DateValue
Mar 31, 2026 29.77%
Dec 31, 2025 20.05%
Sep 30, 2025 22.50%
Jun 30, 2025 23.19%
Mar 31, 2025 31.09%
Dec 31, 2024 17.56%
Sep 30, 2024 20.48%
Jun 30, 2024 24.27%
Mar 31, 2024 27.22%
Dec 31, 2023 12.16%
Sep 30, 2023 24.03%
Jun 30, 2023 17.96%
Mar 31, 2023 20.92%
Dec 31, 2022 14.20%
Sep 30, 2022 20.70%
Jun 30, 2022 20.77%
Mar 31, 2022 20.54%
Dec 31, 2021 16.16%
Sep 30, 2021 -14.93%
Jun 30, 2021 14.83%